PPS teams up with Finnish accounting company Talenom

By Megha Bhattacharya

PPS, formerly PrePay Solutions, today announced a new partnership with Finnish accounting company Talenom. Through the partnership, Talenom will now be able to integrate financial services into Accounting Alex including both physical and virtual Mastercard payment cards, a Finnish IBAN provided by PPS for all accounts, SEPA payments, and electronic bank account statements.

Otto-Pekka Huhtala, CEO of Talenom, commented, “Legacy banks in Finland are unchallenged, so we are motivated to offer entrepreneurs and SMEs more flexible and affordable financial services. Given PPS’ commitment to modernise the infrastructures in place for SMEs we knew they would be a great fintech partner for us to work with to achieve our goals. After just one phone call, we knew they believed in our vision, and together with Talenom’s enhanced product portfolio, the future looks very promising.”

According to PPS, small businesses will be able to set up an account in minutes and enable savings on fees by more than 50 percent. Users can perform bookkeeping and banking services within the same application, a service that other companies in this space have been unable to do before.

Ray Brash, CEO of PPS, added, “We’re delighted to support this next phase of Talenom’s journey by providing SMEs with embedded financial services – this is something very close to our heart. Through the partnership we have bolstered our IBAN offering, and very much support Talenom in its future expansion into other geographies.”

Recently, PPS announced that it has been selected as a partner to German neobank pockid. pockid’s service aims to provide young people (15-24-year-olds) with a way to handle their money through an easy-to-use iOS and Android application, with a Mastercard debit card for spending both online and offline.